View more on these topics

Friends raises CI rates

Friends Provident is increasing its critical-illness insurance rates.

Guaranteed rates rise by between 5 and 8 per cent, depending on terms. Reviewable rates go up by between 8 and 14 per cent.

The company claims that the changes had to be made as other life offices have moved to raise critical rates.

Head of protection marketing Peter Hamilton says the difference between Friends and its competitors has been too great.

He says: “The reshaping of rates on CI is our way of reining back. We still expect to be top or at least in the top two or three but not by as much.”

Recommended

Towry Law offers free Isa tax advice

Towry Law is offering a free factsheet to help people understand the new tax rules surrounding Isas and Peps. The guide, “Isas – Peps Tax Changes”, covers a range of issues to help clients understand Chancellor Gordon Brown&#39s changes to tax rules. It also contains a table of scenarios to help consumers identify their circumstances […]

A consumer&#39s view

The recent rule change by the FSA regarding mortgage-linked endowments must prompt the question – has regulation and the compensation culture gone too far? The rule change positively encourages individuals to complain of misselling and it is arguable that a much more sensible solution to the problem would be simply to ban the imposition of […]

Cherrypicking data is banned

Financial firms will no longer be allowed to use cherry-picked data about historical fund performance in advertisements under new rules introduced by the FSA this week. Under the new rules past performance data can only be used if it is accompanied by a table of standardised data setting out discrete annual returns for up to […]

Pru Intl to join antilaundering scheme

Prudential International has agreed to sign up to the Association of International Life Offices&#39 initiative to standardise anti-money laundering procedures across offshore jurisdictions. Last week, Money Marketing reported that Prudential International had said it was not yet ready to sign up to Ailo&#39s campaign to create a level playing field for anti-money-laundering procedures but the […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment